New rules, issued in early 2023, change a wide range of filing requirements. The goal, according to the IRS, is to increase e-filing without undue hardship on taxpayers. Perhaps the biggest change is that the IRS has reduced the 250-return threshold enacted in prior regulations to generally require electronic filing by filers of 10 or […]

The Affordable Care Act (ACA) affordability percentage for 2024 has been decreased to 8.39% of the employee’s household income. Applicable large employers (ALEs), employers with 50 or more full-time employees, need to actively review their contribution structures and be aware of any penalties. What does this change mean for ALEs? ALEs must offer affordable health […]

Join Payroll Systems’ Vicki Stalnaker, CPA, CPP as she discusses Employee Retention Credit November 2023 Updates. This video highlights updates the IRS has issued and discusses the withdrawal process for previously filed ERC claims.

Just a few years ago, the Tax Cuts and Jobs Act (TCJA) of 2017 greatly changed existing tax laws that affect homeowners. How your personal tax bill has been affected by the changes in the law depends on your income, where you live, how much you spent (or plan to spend) on a home, and […]

According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse, to protect businesses from predatory tactics. The pandemic-era relief program is a refundable tax credit designed for businesses that continued paying employees during the COVID-19 crisis. In a recent […]

The IRS has released an updated version of Forms W-2 and W-3. These new forms can be filed electronically on the SSA’s Employer W-2 Filing Instructions and Information web page. This service offers fast, free and secure online filing options to CPAs, accountants, enrolled agents and individuals who process these forms. Fill-in versions may also […]

Join Payroll Systems’ Vicki Stalnaker, CPA, CPP as she discusses Employee Retention Credit 2023 updates. This video highlights warnings the IRS has issued and provides steps for employers who have already filed or plan to file an amended return to claim ERC.

JRBT is upgrading our document management system to ensure we are utilizing top-of-the-line products for our clients. We have some important information for you regarding client portals during our system conversion. Beginning June 12th, your JRBT Client Document Portal will become unavailable. On June 28th, we will begin to recreate certain portals on an as-needed […]

As we approach year end, now is the time for individuals to review their 2022 and 2023 tax situations and identify opportunities for reducing, deferring or accelerating tax obligations. JRBT Shareholders Angela Ragan, CPA and Kraig Fields, CPA discuss some things to consider in this Tax Talk video.  

As the U.S. entered 2021, many assumed that newly elected President Joe Biden along with Democratic majorities in the House and Senate would swiftly enact tax increases on both corporations and individuals to pay for the cost of proposed new infrastructure and social spending plans, potentially using the budget reconciliation process to do so. Since […]